Spring Banner


TFCU offers a wide range of Individual Retirement Accounts (IRA) to help make your retirement dreams come true

  • A $5.00 minimum balance is required for each of our IRA savings accounts
  • No monthly fees
  • Contributions may be made in "lump sums" or by regular deposits to the IRA Savings throughout the year
  • Dividends are paid monthly
  • IRA Share Certificates are also available with a minimum deposit of $200 and terms of one year through 10 years.
Traditional IRA
A traditional IRA is an account that allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions may be tax deductible in the year they are made.
Roth IRA
The Roth IRA is an account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a traditional IRA. Unlike the Traditional IRA, there is no requirement to begin taking distributions at age 70½.
Educational IRA
The Educational IRA is an account that features tax-free withdrawals for a child's higher education expenses. Contributions are nondeductible, therefore unlike the Traditional IRA, distributions from an Educational IRA are penalty free and tax-free. Consult your tax advisor for further information.

IRA Share Certificates

Earn higher dividends with an IRA Share Certificate. IRA Share Certificates are available with a minimum deposit of $200.

Current Rates: Effective July 29, 2015


 Terms  Minimum Balance Dividend Rate APY*
 1 yr to less than 2 yrs   $200.00 .25% .25%
  $200.00 .40% .40%
 3 yrs to less than 4 yrs   $200.00 .50% .50%
 4 yrs to less than 5 yrs   $200.00 .55% .55%
 5 yrs to less than 10 yrs  $200.00 1.00% 1.00%